It’s probably not bad when you factor in healthcare. Especially the middle class that doesn’t get free healthcare but also pays the same as the super wealthy.
Comment on Steve Ballmer is set to make $1 billion a year for doing nothing | CNN Business
Whelks_chance@lemmy.world 5 months agoThe UK tax bands will blow your mind.
Like 40% for anything over 50k. Which I’m fine with btw.
danc4498@lemmy.world 5 months ago
Blackmist@feddit.uk 5 months ago
None of these people earn their fortunes in a way that is affected by income tax.
They’re not taking billions in cold hard cash every year.
Whelks_chance@lemmy.world 5 months ago
Ok, so capital gains tax then. It still kicks in at a fairly early point. Long before you’re making millions.
www.gov.uk/capital-gains-tax/rates